Credit Card Delinquencies Blow Through Crisis Peak
With credit cards, the US banking system has split in two… Read More Credit Card Delinquencies Blow Through Crisis Peak
Category: Faux Recovery
A Worldwide Debt Default Is A Real Possibility
Debt Doesn’t Fuel Growth Anymore… Read More A Worldwide Debt Default Is A Real Possibility
Debt Is Back, But This Time It’s Corporate
Companies are floundering in a river of debt of their own creation… Read More Debt Is Back, But This Time It’s Corporate
Spain’s Mortgage Market Seizes Up, Bank Stocks Sink, Legal Uncertainty Reigns
A fiasco threatens to spiral out of control… Read More Spain’s Mortgage Market Seizes Up, Bank Stocks Sink, Legal Uncertainty Reigns
Italy’s Debt Crisis Intensifies
But outside Italy, credit markets are sanguine, and no one says, “whatever it takes.”… Read More Italy’s Debt Crisis Intensifies
Three Colliding Problems Leading to a New Economic Disaster
Last week’s stock sell-off was merely the beginning of what’s to come… Read More Three Colliding Problems Leading to a New Economic Disaster
“Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans
The power of Collateralized Loan Obligations.… Read More “Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans
World’s Most Important Bank Issues Urgent “Zombie Alert”
Once a company becomes a “zombie” it tends to stay a zombie, says the Bank for International Settlements (BIS).… Read More World’s Most Important Bank Issues Urgent “Zombie Alert”
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise
The economic miracle fueled by foreign-currency debt… Read More Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise
The Bailouts for the Rich Are Why America Is So Screwed Right Now
Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.… Read More The Bailouts for the Rich Are Why America Is So Screwed Right Now
Taibbi: Ten Years After the Crash, We’ve Learned Nothing
The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump… Read More Taibbi: Ten Years After the Crash, We’ve Learned Nothing
What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
Ten years on, the crisis unleashed in Wall Street in 2008 is still with us… Read More What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
